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you in, harris. thank you for joining us. "america live" starts right now. >> fox news extreme weather alert on the deadly storm that has caused major problems from texas to the northeast the storm is now blamed for a total of 15 deaths. whipping up tornados in the south, strong winds and rain along the atlantic coastline and dumping heavy snow from the plains to new england. the northeast getting hammered today. some areas are seeing more than a foot of snow while others deal with a heavy wind-swept rain leading to big airport delays in ohio, more than a thousand trucks are sent out, some getting heavy police escort as winds cause zero visibility. drivers say the situation is awful. >> i have seen 10 cars in an accident. i have saw a lexus fly into a ditch. i saw a semi-truck jackknife. all kinds of stuff. >> i have lost count of the number of cars i've seen in the ditch. i saw a jackknifed tractor-trailer. i saw a horse trailer that was turned over. so i think people are just not really driving slow enough for the conditions. >> pretty rough. we've seen a lot of accidents thus far in
of our u.s. voouers to find cnbc world because they could get three hours of you, carol and carolin for the rest of the week. >> whatever they can do. record it and fast forward to the good bits. >> yeah. >> it will be 2:00, 3:00 in the morning or whatever. >>> on today's show, plenty to come on. >> yes. the south american union faces ejection from the imf for allegedly cooking its books about the innation rate. we'll head out to europe where the swiss banking giants could be facing $1.6 billion over libor rate rigging allegations. >> and we'll be on the floor in beijing where china's leaders just wrapped up a major conference. >>> and japan's prime minister election is calling on the bank of japan to heed the call of the masses. abe is beating the heat on the boj just one day after his party's huge win and two days after the bank's next rate setting meeting. kaori enjoji has the latest for us. how much of a game changer is all this? >> this is a serious game changer. it's a comeback for the dlp and shinzo abe. he has made it clear that the economy and economic recovery is going to
is affecting your trip home for the holidays. it will be a very merry christmas for the familiar leave this u.s. marine veteran just released from one of mexico's most dangerous prisons. where he stopped off before heading home causing some concern. how about this. a short-cut to becoming a doctor, a new program being offered by one of the most prestigious medical schools in our country saving both time and money for the students, but does it skimp on training, a doctor in three years? it's all happening now. but first there is troubling news on the civil war that is raging some 21 months now in syria. the international envoy trying to help end the violence there says that he's still worried there's been no progress in the ending of the bloodshed that's claimed thousands of lives. hi, everybody, i'm jaime colby, today i'm in nor jenna lee. >> reporter: i'm kelly wright in nor jon scott. the u.n. envoy meeting face to nice with the syrian president today. while their account of that meeting was lens hopeful we are hearing now even more troubling reports the syrian army may have used a deadly poi
brand joining us on the state of luxury. adam: right now it is time to check stocks. we will add to the floor of the new york stock exchange. nicole petallides standing there. we are looking to end the week which way. >> reporter: let's see. right now at 13,161, ever so slightly in positive territory. when you look at the markets, keep an eye on 13,155. that is where we ended last friday. we have been up four straight weeks several. the dow has been trending to the upside. when you talk to traders on wall street a continue to think that the rally is in place. the dow, s&p, and nasdaq gaining 45%. these last four weeks. "we are obviously looking good. you are seeing some of the names on the move here. for example, the fear indexes to the upside. names like alcoa, cisco, caterpillar, hewlett-packard are helping the dow along trying to keep the names that are helping. the weighing on the dow would be some of the stocks such as american express, merck, and exxon mobile. adam: we will check in again with you and roughly 15 minutes. thank you very much. lori: congress of for the weeken
the nation's capital on this. dagen: think those photos are yours and only yours? instagram says it could use your photos in ads, if it wants to. connell: this could cost us. the next on bank account adds. dagen: nicole 5 on the new york stock exchange. nicole: this is unbelievable. we continue to get the headlines out of washington. we have boehner coming out with plan b. we are getting harry reid response saying that speaker banners -- boehner approach is very far away. the markets have managed to move back higher. there is a look at the nasdaq. the dow is a winner of about .5%. connell: let's follow up on this breaking news on the speaker of the house john boehner. dagen: richardson is live in washington, d.c. with what the heck. rich: the house will vote as early as this week to extend tax rates for those making less than a million dollars a year. house speaker john boehner says he is still negotiating plan a with president obama. the reason for the backup plan, speaker boehner says, after optimism, the white house is latest offer has soured the mood within republicans. >> it was essentia
and hawaii. that's he humility he showed his entire life. there was no staff there just the two of us. we talked for an hour. i would always remember -- having passed away yesterday, it will be imbedded in my mind. as we left, we both thought about fact we had not been able to sit down and talk like that enough. he professed at that time -- his words -- how lucky he has been his whole life. he said i got at emphysema now. i said, not from smoking. he said, i learn to smoke in the war as a boy. he smoked from 1944 to 1967. he told me he had lung cancer. but they were wrong. they took part of his lung out. he talked about how lucky he had been with surviving what he fought with lung can certification but how lucky he had been his while life, for example, the war. i'm sure people would not reflect on his massive injuries as being lucky. butth but he considered he was lucky to have lived. he had been called upon with three other people, three other soldiers, to cross a river in the dark of night, to find out what was going on, on the other side of the river, and he and his three companions, i
of us who had the privilege to serve with you. i hope and i pray that god will give you and your wife many, many more years of life and enjoyment because you have certainly earned it, because you have served not only the united states house of representatives, but you have served us, you have served the people of our districts as well as helping us be better members of congress. so with that i will close by asking god to please bless you and your family and may god continue to bless the house of representatives and jay pearson, you will be in our hearts until the day we die. god bless you. . mr. woodall: at this time, it's migrate pleasure to yield the gentleman from california, chairman of the ways and means health subcommittee, mr. herger. mr. herger: i thank my good friend. how wonderful it is to be able to sit here and listen to all these incredibly warm remarks from people who, like myself, know and love jay pearson. and there's a reason for that. jay, you're one of the best of the best. and i think, it's hard to believe that 26 years comes and goes so very, very quickly, but it
will america do to stop a madman. >> i am a supporter of the second amendment. but i believe it's time for us to move a different direction. >> and the congresswoman who lost her husband in the long island railroad shooting. >>> also, i'll go one-on-one with a gun advocate who said that lawmakers who vote for gun control have blood on their hands. could he be serious? >>> and why the second amendment doesn't say what you think 2 does. >>> plus a class gunned down, a teacher to protect them. main who lost his daughter. >> they believe that because the problem is guns the answer is guns. it's simply ridiculous. >> we'll go inside the mind of a killer. what dr. oz thinks we should do about mental illness. >> i think we need a homeland security approach to mental illness. thirst is "piers morgan tonight." >>> good evening, final farewells today for two more 6-year-olds, victims of the terrible attacks in sandy hook. jessica rekos was a little girl who loved horses and asked santa for cowgirl boots and cowboy hat and james mattioli who asked once how old do i have to be to sing on stage. president
in snow. she shows us the tricks she used to survive and how she managed to escape. >>> and we asked, is it real or is it fake? that video of an eagle snatching up a baby, blowing up so fast. grabbing more than 16 million views in two days. it worked. but, yes, it's a hoax. this morning, we go straight to the source to learn the secrets of how they did it. >>> good morning, america. hi to robin at home. great to have elizabeth vargas back. paula faris in today. i'm surrounded. this is great. >> george's angels. >> that's right. >> and by the way, i knew it was a hoax. i knew that eagle wasn't grabbing that baby. >>> we have a lot to get to today. including the fiscal cliff showdown. talks have broken down. house republicans are going to push a fallback plan today. they're trying to make sure that taxes don't go up for anyone making under $1 million. will it help or hurt the negotiations? >>> and president obama front and center on the gun control debate, promising yesterday quick action. we'll show you how some cities are arming teachers. while many parents are taking safety in
it is embarrassing to compared government funding for amtrak with u.s. government funding for domestic aviation and highway speed passenger >> to build and maintain one of the best highways systems in the world, we've spent $114 billion and built it over 45 years and today it would be $126 billion. con jex on our roads are at historic levels and by 2020 urban interstates will be at or over capacity. and anyone who has had the pleasure of flying recently they know the problems that plag our nation's airport ch airports, in fact, in spite of all this amtrak carries more riders from new york to boston than all other airlines put together. 50% of people that travel this distance. and between washington d.c. and new york city, amtrak carries twice as many passengers as all airlines come bind. today it carries 75% of inner city travel letters between new york and washington. amtrak has done all this with the threat of funding cuts and privatization especially of the profitable northeast corridor hanging over its head. we know that in other parts of the world privatization of hig
should do in the northeast so that those airports today could really be used for longer distance travel. and that we use those that made the most sense which was rail in those corridors. that would garner us our expectation is pretty close to $5 billion in revenue a year, with about a billion plus or minus coming out of that in terms of profit. >> so you cannot do a direct correlation between california's high-speed rail and northeast corridor? they are two completely -- >> not here. excuse me. i don't know if your question is done. we can't, ma i can't draw that conclusion here because you don't have the right data sets. we may have some folks that have an analysis come and i can look at the and get you an answer back spent perfect. thank you. mr. hanna. >> thank you, chairman. hi, how are you. nice to have you here. advisory commission, you're in the process of developing several other reports analyzing the pressure that would be taken off, projected pressure off of airlines, off of roads and what that means to the northeast will that report be done and what we we be able to get out o
massachusetts. mr. markey: and if barney frank was down here, none of us would have -- none of this would have happened in terms of the understanding of the parliamentary procedure. he was up there trying to grab an managenary microphone. . john oliver has been for us -- olver, has been for us an invaluable colleague. he taught so much to us. when he sat down with us talking about transportation, he explained our own districts to us as far as what was possible. on climate change, i talked to him for about 20 years. he was on this issue in the early 1990's and probably understood it probably even before that. he is that smart. he is that visionary in terms of the issues are essential not just to massachusetts, but to our planet. and it has been migrate honor to have served with you, john and to have called you my friend and colleague overall of these years and we thank you so much for what you have done for us and for the country and thank you. and with that -- the speaker pro tempore: the gentleman's time has expired. under the speaker's announced policy of january 5, 2011, the gentleman from
military. and so when i see raises for the troops it pleases i think all of us. i'm concerned about the afghanistan timeline. i had hoped that it could be expedited. i certainly do commend the iron dome because we saw it work with respect to israel. i question however the drones that may have collateral damage. but i do think it's important that this bill does in fact make a commitment to protecting the women and children of afghanistan, responds to the issues dealing with sexual assault against military personnel and particularly women and it's strong on iran sanctions. . i rise today as well because when we talk about people we talk about men and women in the united states military, we talk about their health. yesterday in the rules committee i raised this point and i raise it again, i'm going to support this bill because i think it will make a leap of faith commitment to finding the cause of triple negative breast cancer. they are usually of a higher grade and size, onset at a younger age, more aggressive, and more likely to metastasize. the survival rate for breast cancer may ha
. in fact, it's sitting on the lows of the session at 13,135. danny hughes is with us from divine capital and mark spellman from value line funds and joe greco on the flor with meridian equity partners and our rick santelli is standing by in chicago. rearranged priorities on this, and the market really reflects that. >> absolutely does, bill. a hard day to trade when you're so focused on the tragedy that's unfolding in front of us, and as the mother of a kindergartner and a pre-school child my heart goes out to these families. it's a real terrible thing. >> we do have business to conduct though in washington. >> we do. >> and when we last left that story it appeared there was very little progress made. how do you invest in that kind of an environment? >> even less is happening frankly, so, you know what, we have to do is still keep our eye on the ball and have to believe that at some point something will further itself, whether it happens whether we go over the cliff or before that. reinvest in companies that are dividend payers, that have an efficiency paradigm so whether they are invest
later, we will discuss the recent increase in u.s. manufacturing. we will also take your calls, e- mails and tweets. "washington journal" is next. host: good morning, it's wednesday, december 19, 2012. the white house has thrown its support behind several gun- control measures on tuesday in the wake of the shooting rampage in newtown, connecticut. a state department inquiry into the september 11 terror attack in benghazi, libya, criticized the agency harshly for inadequate security that -- but specificrecommend signi individuals. and we begin today in on the details of john boehner's plan to avoid the fiscal cliff. we want to hear from you. how optimistic are you that a compromise can still be reached before the end of the year? give us a call -- and you can get up with us on all your social media web sites on facebook and twitter, or e- mail us. a very good morning to you. i want to take you to the lead story in today's washington post. that was today's washington post. here's the headlines from "politico" today. i want to take you to speaker john boehner's comments on the state
like that, as tragic as it is, brings us a little closer together, both in the nation and in washington, that would be a good thing. >> that was house speaker john boehner and white house press secretary jay carney yesterday. both suggesting that last week's horrible school shooting may just help the two sides in washington find some common ground. good morning, i'm brian schactman, this is "way too early." we have a lot of news to talk b including a tough new report saying the state department failed to provide enough security security in bengahzi, first the latest on newtown, connecticut. this morning president obama is expected to announce that vice president joe biden will spearhead his administration's response to the newtown shooting. the president is not expected to go into detail on policy decisions, but yesterday the white house hinted at what new legislation might look like. >> he is actively supportive of, for example, senator feinstein's stated intent to revive a piece of legislation that would reinstate the assault weapons ban. he supports and would support legislation that
's not on that face. >> i've been on that bus. >> they are just as good as gold. >> as all of us in this country were starting to see people coming out and talking about their experiences, this phenomenon, that so many of us had experienced in one way or another, and had no words for. other than adolescence, other than growing up. we finally -- people were starting to stand back and say, hold on. this isn't actually a normal part of growing up. this isn't a normal rite of passage. i think there was a moment where there was a possibility for change. and director lee hirsch and i decided to start the film out of that feeling that voices were kind of bubbling up. coming up to the surface to say this isn't something that we can accept anymore. a normal part of our culture. >> film maker cynthia loewen has followed up her award winning film by gathering essays and personal stories in "bully." hear more tonight at 10:00 on "after words" on c-span2 and more book tv online, and like us on facebook. next chiefs of staff to the governors of virginia, colorado, and oklahoma talk about the fiscal issues of their
eastern europe? anything? >> one of the things that happened since 1989 is the region we used to call eastern europe has become very differentiated. these countries no longer have anything in common with one another, except a common memory of communist occupation. poland is as different as greece is from some land. europe is now divided in many ways to -. there are a few elements of the communist past you can see. there is a paranoid element in politics that comes from the legacy of people being spied on and having lived in an oppressive system. they are more paranoid about secret deals behind their backs, because secret deals were done behind their backs, and that is understandable. there is an anxiety about being left behind in the west. the memory of the past continues to play out, but in truth, these countries are more different from one another than they are similar. >> you through -- you chose three of eight countries behind the iron curtain? >> it depends on how you count. >> what were the three democrats i chose to poland, hungary, and east germany. they have different histori
doing better. it is hard to be terribly bearish on the u.s. >> y are going to stay with our politico expert. this is a rally that has surprised experts. it hasn't been that easy to be optimistic. >> it is. i think you have to be cautious here. the probability that this could fall apart is very, very real. >> so, you have to be careful up at these levels as a trader. i have low exposure up here. i have protection. that is how you have to play this market. stay with us please. >> yesterday it looked like washington was inching towards a deal. but today, plan b could be signaling differences. we have karen b and sara fagan herself a former political director. i know what it means. no tax rates above $1 million. no tax hikes but why did bay nor decide to do that. what signal is he sending? >> i think what he is telling the president is look, i appreciate you coming around on this, i appreciate you giving, it is not enough. and i'm going to go to the floor and show you, that $400,000 is not a deal republicans are going to accept. the other thing that occurs that, is it is important for hi
used to use to prevent fires. churchill used it first in private. >> you know why? >> it was a favor for truman. that is where truman was from. >> let's get a slice of that speech. >> an iron curtain has descended across the continent. behind that line, like all the capitals of the ancient states of central and eastern europe -- berlin, prague, vienna, budapest, belgrade, bucharest. all of these famous cities and the population around them lying in rubble -- lie under the soviet sphere. >> why did you want to talk about this? >> i was inspired in my first book, and while this is in no way a sequel it represents thoughts i had. one thing i got interested in is the question why no people went along with it. what is the mentality? what are institutional pressures? why do camp guard do what they are told to do? i decided to write about this period right after world war ii, because it was a time the soviet union had reached a height, there was an apotheosis of stalinism. it was reinforced by the experience of the war. by 1945, it was a fully developed system with an economic theory and a
up an expert telling us why these exchanges could spell trouble for doctors, hospitals and insurance companies. liz: but what drove the market in the data download? stocks erasing weekly gains with all three major indices ending the week lower with the s&p snapping a three week winning streak. consumer discretionary and utilities for the week's worst performing sectors. the euro surged to its highest level in seven months at the dollar dropped for the fifth day in a row versus the euro to go up another penny to $1.31 is pretty significant, language for the dollar 30, see you hitting the intraday high, u.s. consumer prices dropping for the first time in six months in november following 0.3%. the decline was driven by 7% plunge in the government's gasoline price. dave: a lot to talk about and we will get those details. dan is in the pits of the cme. jason fried telling us why european equities might be the best place to be. and brian is going to tell you how to play these markets if we go over the fiscal cliff. let's start with dan. i want to start with apple. what to you hear from fol
.irs.gov. host: nina olson, welcome back to c-span and thank you for being with us. host: we want to welcome sarah kliff, a health care reporter with "the washington post." as we continue our series, we want to take a look at different aspects of what we can expect as we face the january 1 deadline. we want to talk about the said likely the doc fix. many people say you have to understand the doc fix. guest: it is something we have had since about a decade ago. back in 1997, congress set a formula for how to pay doc fares. it worked for about five years until the cost of health care started growing. what we have seen every year is congress passed a temporary pay patch to make up the difference. every year, we get to the end of the year and there is this impending gap. right now if we do not pass it, medicare salaries will go down by 25%. everyone thinks the doc fix is not a good idea and we should fix it permanently. it is something that we face every year. host: if nothing happens next year, the cost is estimated to be $25 billion. over two years, $41 billion. guest: it is expensive and we a
overblown? president obama says he will use whatever power he has to prevent another massacre like the one in newtown, connecticut. what can be done, if politics is the art of the possible? where does the possible reside in america? we talk solutions today on "power lunch." my partner, sue herera, sue? >> let's look at where major averages sit right now. just a second ago, we were up 80 point on the dow. we are close to the highs of this session so far. nasdaq composite is up 29 on the trading session and s&p 45u7b is up 13. it is that optimism over the fiscal cliff which increased over the weekend after house speaker boehner edged ever closer to president obama's position. indeed, the speaker met with the president at the white house this morning. eamon javers is at the white house. eamon? >> previous meetings between the president and speaker had been telegraphed a little bit. this one was not today. this is an interesting development but a grim-faced speaker bainer who arrived back up on capitol hill not talking to reporters. we don't yet have a sense of what was in the meeting, what th
, bob doll will be giving us his lineup for stocks. that's coming up at 7:00 a.m. eastern time. at 8:00 eastern, a cnbc exclusive. david tepper, one of the world's top performing hedge fund managers will join us to give us some of his wisdom in a kaerc t can't-miss interview. a lot to talk about with him. in the meantime, why don't we get to some of today's top stories. we could see some movement in the fiscal cliff negotiations. house speaker boehner offering to raise the top tax rates on those making over $1 million a year as well as other measures amounting to $1 trillion in new revenue. that's in exchange for an equal amount in spending cuts. the white house has not yet accepted the proposal. >>> also, apple says it has sold more than 2 million in iphone 5s in china just over the last three days. that's the best ever debut for the iphone line in china. apple is china's second biggest market, although it did lose a lot of market share while they were waiting for that i5 to come out. and citi research has downgraded apple from a hold to a buy. you can see there just below $500. >>
. host: sarah kliff covers health care for "the washington post." thank you for joining us. we take a look at america by the numbers and what america looks like by the year 2016. jennifer ortman and william frey here to talk about america by the numbers. we are back in a moment. >> president obama in the reaction to the connecticut shootings. later, the impacts of the so- called fiscal cliff on tax filings. >> president obama on the school shooting in connecticut. he said the time is not to take meaningful action. he was notified by homeland security advisor john brennan. he ordered flags lowered to half staff. this is about 5 minutes. >> i spoke with governor malloy and fbi director muller. i offered governor malloy my condolences on behalf of the nation and made it clear he will have every resource he needs to investigate this crime, care for theirctimw and families. we have endured too many of these tragedies. each time i learned the news, i react not as a president but as anybody else would, as a parent. that was true today. there is not a parent in america who does not feel the
remain before the u.s. goes over the edge. that means tax hikes and spending cuts that could trigger another recession. congressional leaders will meet today at 3:00 p.m. eastern time. the full house not even expected to return to work until sunday. here is the guest list for today's showdown. the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. house speaker john boehner, mitch mcconnell representing the republicans. brianna keilar live from washington. what do we expect to happen today? any new offers from the president or house speaker? >> we don't know. right now, all eyes on the senate to see what senate majority leader harry reid can cobble together to get some republican support. technically, it's still possible to come to an agreement. that said, politically is a different story, and the prospects for coming to a deal are starting to dim. right now, we're hearing a whole lot of the blame game. a lot of public posturing from both sides as they prepare for the possibility of going over the cliff. l
. happy anniversary to us. i'm melissa lee with carl and jim cramer and david faber live from the new york stock exchange. let's look at how we're setting up after yesterday's rally. particular strength in yesterday's rally. we didn't get housing starts, that's earlier today. as for the picture in europe, really the stand outout here is the euro. greece getting a five notch upgrade at the s&p. our road map this morning starts with gm. government motors no more. the treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end of this month. >> another challenging quarter for fedex with the blame squarely on sandy. but the stock is up pre-market. >> oracle posts a strong quarter with even stronger guidance. the season rebound in europe. no impact from the fiscal cliff. >> and ge gets boosted from ubs's key call list on the weaker than expected macro environment. still on the list is including -- well tell you in a couple of minutes. >> general motors is up sharply in the pre-market session. the treasury department says it intends to sell the rest of its stak
us back to your house. make sure to tune in washington, good night. merry christmas. >> they were responding to a fire when somebody started shooting at them. >> upon arrival of the first two engine company and some firefighters in their personal vehicles, they underwent gunfire from the location unknown. >> tonight, firefighters gunned down in the street and why police say it looks like this was a trap. mexican police locked up this former marine over the summer on gun charges. now he has made it home just in time for christmas. >> while i was sleeping johnny got up in the morning and walked to the beach and watched the sun come up. >> jamie: tonight, the reunion that's been months in the making. and christmas at the vatican. >> jamie: we will take to you rome, to bethlehem and to afghanistan for a look at how folks are celebrating. ♪ heaven and nature sing. >> jamie: i'm jamie colby in tonight for shepard smith. we begin tonight with the apparent ambush that has literally stunned a small town in upstate new york this christmas eve. volunteer firefighters had just arrived at th
appreciate it very much. join us on wednesday. happy holidays. "squawk on the street" starts right now. >> can't wait to see what jason got us here. welcome to "squawk on the street" on this final trading day before christmas. i'm carl, with melissa lee, david faber at the nyse. the new york stock exchange and nasdaq closing at 1:00 p.m. eastern time. the futures, a little bit of weakness here which we'll talk about in a minute, after it comes after a pretty bad day on friday. the european markets closed for the christmas eve holidays. london, paris, spain have each completed shortened sessions in light of the christmas holiday as well. the friday sell-off, only five trading days are left in the year. is the market getting used to the idea that a fiscal cliff solution will not happen before year end? >> only a few hours remain to finish your christmas shopping. but some words of caution for toymakers. are tablets and apps ruining the season as kids get more accustomed to technology? >> microsoft windows 8 gets more bad press today, as "the new york times" said it is not leading to a bo
's take a look at the u.s. futures set up for the open first of the week. dow looking at about 50 points right after the open. as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes,
to ask certain questions and i've got to tell you, i'm going to use them. all scripps, stay away, big resignations tonight. bull market somewhere, i promise to try to find it here on >>> good evening. i'm joe joe kernen in for larry kudlow. the fiscal cliff, gun control in detroit dominating the news. >> there's no question about it. if you want a deal on the fiscal cliff, today was a very bad day. only duelling press conferences. no progress behind the scenes. we'll talk about it a a few minutes. >> i'm hampton pierce earson. >> and gm shares got a nice pop. is this the end of government motors. "the kudlow report" starts right now. >>> first up tonight is president obama and house speaker john boehner escalate their war of words, new signs the fiscal cliff talks are on the brink of collapse. chief washington correspondent john harwood joins us from washington with the details. i look away for two seconds, john, and everything's falling astart. >> it looked a couple of days ago as if the two sides were getting closer. when president obama had a news conference at the white house toda
from almost every bank. we were in a 1932 situation. >> because of everything else around us. we were focused on congress' ineptitude at that time. and we got more scared by their unwillingness to pass the t.a.r.p. >> i have tremendous faith in our economy. we had great numbers yesterday. we had a good head of steam in housing and durable goods. >> better than expected at least. >> i think you could cool the economy a little bit. but unlike 2008, where i was worried that my paycheck wouldn't cash and my bank would fail, unlike the debt ceiling -- >> i know that. i'm saying it is a very, very different time now, no doubt about it. the only thing being we're relying on our leaders in washington to try to craft some sort of solution. >> did you have quotes around the word leader then? i'm only watching your lips. if you were to type that, would there be quotes around leaders? >> yes. >> thank you. i rest my case. >> i'm willing to take those quotes off. >> if they show that they are truly leaders without quotes. >> i come to work every day, my tallahassee paycheck, still in my wallet. i
, and residents are telling us they felt surrounded. >> and when it come down, we looked and everything seemed green like it was popped off transformers left and right. we heard a noise, and then all of a sudden i took off and off and started walking down here. >> i prayed to god as loud as i could and, i was just praying for my safety. i knew that the truck was knew the truck was shaking. i just prayed that the truck stay put and that god would protect me. jamie: a lot of praying going on in that part of the country. they're used to this kind of weather, but just not now. mother nature is also taking a toll on the midwest. take a look at this, snow and ice-covered roads have forced residents to stay indoors. they're patiently waiting for the storm to pass, at least we hope so. news extreme weather center. i'm surprised, maria when we look at video how many people are on the roads. that's crazy. >> stay home today. stay home with your families if you don't have to go to work. those conditions are dangerous not just across the midwest but as we head later tonight and during evening rush and ove
♪ just like the ones that i used to know ♪ ♪ honey, it's where the tree tops, tree tops glisten ♪ ♪ and little bitty, little bitty, little bitty children, they're trying to listen ♪ ♪ to hear, hear for the sleigh bells that are ringing in the snow ♪ ♪ i wanna tell you one more time what i'm thinking about ♪ ♪ imus, imus, imus in the morning ♪ >> moments ago the new york stock exchange observed a moment of silence following the events in connecticut last friday. it was a somber moment in the financial world. ten minutes from now, trading will begin and these are the stories which we will concentrate on this monday morning. speaker boehner says, go ahead, raise tax rates on millionaires, that's a retreat. it's a new offer from john boehner, a higher tax rate on incomes over a million a year. gas prices really falling fast. in the whole state of missouri the average is 2.94. nine states are within a few cents of breaking below $3 a gallon. and yes, it's the monday after the connecticut shooting and father jonathan morris is here for "varney & company." scuba divi
money." i'm jim cramer. see you tomorrow! hey, larry, what do you have for us? connecticut, where the first of the victims from the tragedy here were laid to rest today. this grieving town begins the process of saying good-bye, investigators continue their search for how and why it all happened here. i'll have more coming up. devastation of superstorm sandy, but wait until you hear about all the pork loaded into this $60 billion sandy relief bill. hardly any of it gets to sandy and the actual survivors. we'll get to all that. "the kudlow report" begins right now. >>> first up, 14 days and the clock is still running for a deal to prevent the nation's economy from falling off the tax and fiscal cliff. president obama, speaker boehner, they huddled at the white house today once again, but are we really any closer to a compromise? we go back to cnbc's eamon javers who joins us from washington with all the details. good evening. >> reporter: good evening, larry. you're right, they did meet today. it was a surprise meeting not announced as the previous meetings between the two men have
, but the regime surrounded it completely cutting us off from the world, nothing was allowed in and out. even water and bread was cut off. today we obtained dough. >> reporter: they were able to open a bakery around 1:00 p.m., and the rockets struck just hours later. as nearby hospitals quickly filled up, activists began pleading for help. >> we are joined by the reporter from beirut. this looks crazy. it looks crazy to me. do we know who is responsible for this? >> reporter: suzanne, it is absolutely horrific, and just so many grizzly details started to emerge in the hours after the attack. now, the residents in that town that we spoke with said that they believed they were targeted because that town had been liberated by the free syrian army because there's a lot of anti-regime sentiment there. they believe they were targeted deliberately by the syrian regime. syria's government, however, today posted a statement on their syrian news agency website in which they blamed this on the actions of terrorists. that's the terminology they use for rebel fighters, opposition fighters in syria. they say tha
several rounds of tear gas and used water cannons to break up the protests. scores of people were injured on both sides. some were critically wounded. they were angry after the her with a gang rape last week, when a young woman was attacked so broadly, she is fighting for life. it goes beyond this one incident. people want a strong action from -- from thent's government. until then, they are prepared to keep the heat on. >> a delay until tuesday. the constitution in egypt was supposed to be passed, but now, the electoral commission says they will be looking at allegations of irregularities in the voting process. we were sent this report from cairo. >> egypt, on the brink of a new era. for weeks now, this country has been gripped by political turmoil. there is a lot at stake. egyptians have been waiting on a new constitution, and an early tally says more than 60% voted yes, but the result is not official yet. the guests of voters cannot get a victory for morsi and his supporters, and they say it will help egypt get back on track. >> there was not any blood spilled. the egyptian should be h
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